Earlier this year I entered one of the first cases filed in the Wyoming Chancery Court. The court opened late last year and is moving forward with more and more cases. My experience with Chancery Court showed me that it is a very viable option for those seeking to resolve their business or corporate cases efficiently and economically. The process was fairly straightforward and for those already used to electronic filings, such as in Federal Court, intuitive. I will seriously consider Chancery Court for future business or corporate type cases.
I do want to point out that Chancery Court is optional. No one can force you into Chancery Court against your will. If someone files a case against you in Chancery Court, you can get the case dismissed quite readily. This will lead to many businesses putting “chancery court” clauses in their contracts with other businesses. If you are a party to a contract with a “chancery court” clause, then that means you have agreed to resolve any disputes under the contract in Chancery Court. In that case, you will not have the option of expediently dismissing the case. (There may be other reasons to dismiss the case though, depending upon the situation.)
If you are looking for a quick, efficient option for resolving business disputes, please consider a “chancery court” clause in your contract. It is not for everyone, but I think many businesses could benefit from it. If the case is filed in Chancery Court, it will go much faster and be less costly than if the same case were filed in Wyoming State District Court, or the U.S. District Court. Not every single business dispute can be resolved in Chancery Court. For instance, there is a monetary limit and it does not apply to every type of dispute under the sun. For instance, it is not open to personal injury claims, small claims, etc.
If you would like to know more, please feel free to reach out to me. I would be glad to help. (970) 488-1857.